This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Best and Worst States for Small Business

WASHINGTON ( MainStreet) -- Which state is the most small-business friendly?

Factors such as taxes, regulatory costs, government spending, property rights, gas and diesel taxes, health care policies and energy costs play a large part in whether a business should locate in a certain state. The Small Business & Entrepreneurship Council takes these measures and ranks the 50 states and the District of Columbia annually based on their public policy climates for entrepreneurship.

"Low corporate and individual tax rates can make all the difference, especially for a small business that is just getting started," says Deborah Sweeney, CEO of MyCorporation, an online document preparation service for small businesses. "It may be difficult for a small business to get off the ground in the face of the difficult tax structures and the high cost of hiring employees."

The most recent Small Business Index Survival 2011, released in November, added six measures by which to rank states, making for a total of 44 major government-imposed or government-related costs factors that matter to small businesses and entrepreneurs.

While state tax policy and regulatory costs certainly weigh the most in the overall ranking of each state, given the country's economic climate the SBE Council decided to add state and local debt levels as well as the dependence on federal funding at the state and local level to provide a clearer picture of how friendly or unfriendly each state is for small business.

Another new measure included was state wireless taxes, something that will be particularly important given the amount of business now done online and through smartphones and tablets.

In a suggestion of another reason these factors matter: From 2000 to 2010 the top 25 states on the 2011 Index saw population growth of 13.4%, while in the bottom 26, population growth registered at just 6.3%, the report says.
1 of 12

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs